Word: panzhihua
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...completely command controlled, the central government has surprisingly few ways to compel regional lenders to obey orders. In Chengdu, for example, capital of Sichuan province 1,500 kilometers from Beijing, a branch of the China Construction Bank recently approved loans to upgrade a steel mill in the town of Panzhihua. Jiang Wen, chief of the bank's business-development department, says the mill already has local-government approval, so the bank is pushing ahead despite Beijing's jawboning. "We have had no change in lending," Wen says...
| 1 |